2013-01-01
2013-01-31
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about saving jobs. a judge will decide who get's tully's next friday. >> how much you wajted to bet if they get it will you see a lot of product placement on that abc show. >> tom: more than a cup of coffee is what it will be worth. that's "nightly business report" for thursday, january 3. have a great evening everyone, and you too susie. >> susie: goodnight tom. thanks for watching everyone. we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org ♪ >>> and their buns are something i have yet to find anywhere else. >> i'm not inviting you to my house for dinner. >> breaded and fried and gooey and lovely. >> in the words of arnold schwarzenegger, i'll be back! >> you've heard of connoisseur. i'm a common-sewer! >> they knew i had to ward off some vampires or something.

, but then they panned it, got fired immediately after it, and in a weird ending of his tenure. i bet the momentum that pandett it gave the bank continues and the story is calming down. after it closed thursday we get results from capital one. you want a great growth opportunity? i bet capital one is one of the best we hear from. terrific credit card franchise augmented by the recent acquisition of banking assets from ing. i like this stock. then there's intel. what can intel do about the fact that personal computer saultz finished down 6% last year? a staggering decline. do nothing. the new ceo beckons and maybe something is missing. i don't think so, though. there's more to life than a good semi conductor company. my charitable trust prefers qualcomm. general electric reports on friday. this is a huge friday. i'm going to get fired up. get up at 2:30 really. used to the cnbc alarm clock. the bar has been set low by management at an analyst meeting last month. they said some things that were disappointing. i think that's terrific news from ge shareholders because it gives them a chance to beat ex

company with real products, customers, and solid management. ackman bet one billion dollars against herbalife's stock, and called for the ftc to shut it down. herbalife shares were down 70% at $39 thursday. the nomination process for the next treasury secretary is moving forward with president obama naming jack lew as his pick. "i trust his judgement, i value his friendship, i know very few people who have greater integrity than the man to my left." lew currently serves as the chief of staff in the obama administration and could become treasury secretary when timothy geithner leaves later this month. joining us now via skype with insights is jim bianco of bianco research. how is wall street responding? > > lukewarm on the jack lew nomination. they're not really that thrilled. > other than lew's poor penmanship, how well will lew's no-drama approach play out in the upcoming debt ceiling talks? > > in the debt ceiling talks it is going to be interesting. other than the no drama, he has got a history of being confrontational with republicans, and that is going to be difficult because t

. anyone want to bet? >> not if you live in syria, mali, on geary, afghanistan, and other places. he says america will no longer be as involved, but the question is, what will we do? the threats have not disappeared. al qaeda central has been dealt a serious blow. however, they are now active in north africa. the french are in the lead. are we going to help them, how much? >> the french are in the lead in mali. not in nigeria, for example. why? this is a francophone country. they are concerned only about the francophone countries. because of economic interests they have in this francophone countries. i just want to knock down the idea that france is somehow stepping into a vacuum in africa. they are doing no such thing. >> i have never accused the french of altruism. so i can see your point entirely. i do i give a damn why they're there. they are stopping the islamists in mali, and nobody else is. >> the president picks a couple of for prosecutors to be his top regulators. a message for wall street? >> in the early 1990's, she brought down john gotti, and she brought to justice the terror

depot and frank blake, the management here has been taking share aggressively and i bet the post-sandy rebuild will be terrific for business. i see another fantastic year for the home despot. disney with remarkably resilient espn numbers. i think the stock can go up 10% from here easily. it's already started to recover, meaningfully from the so-called disappointing quarter. that fourth quarter rally in the financials gave new life to jpmorgan, american express, travelers the insurance company up 21%. i don't know if these can maintain that pace. i'm not as bullish. jpmorgan seems to fail at these prices. fail the stock, not the company. the company is doing fine. unless they are allowed to return to shareholders, my hope, i fear the company won't be able to repeat the performance. american express seems tapped out, prefer mastercard, visa and travellers is a fabulously run company. it's not one you expected expect to go up 21% over 21%. how about general electric? it advanced 17% despite downbeat chatter, analysts being too downbeat if you ask me. and an oil and gas kicker could

lance always double down, when he is in trouble he doubles the bet and the oprah interview is in some ways the ultimate doubling of the bet, he pushes everything on the table and said, look, there is where i am going to try to do to get out of this. >> rose: so what are you looking for? each of you in the oprah interview? >> well, you know, i don't -- i was asking myself that same question and i really don't know what to say, like he will confess. >> rose: right. >> i don't, having done some reporting on lance armstrong i would fool myself i could interpret the thoughts of a goldfish before i think i know what lance armstrong is thinking so judging his contrition is not an issue to me, strategically this looks like 15 years of deny, deny nye until there was about penny left from deneigh and let's see what we can get from confessing so i think a lot of people will try to interpret his emotions and mannerisms and to me, i am in a place where i understand i can't even begin to do that, beyond his confession -- >> rose: what are you looking for, daniel? >> i am looking for what he says t

, yeah. i mean, it just coins money, this trade. so we're going to bet this is going to do it again. wednesday morning we get a major update from boeing. man, those guys must be just like wow, like they must be on all-nighters around the clock. i think if it weren't for the dreamliner problems we would have had the quarter to end all quarters and you would have had to have been buying it right into this quarter thought we could do for the charitable trust. and now they are going to have to quantify what i regard as the unquantifiable and i would steer clear particularly because the transportation board has said there are no quick or easy answers. every day they seem to give an interview to the press saying listen, that plane's not getting off the ground. hold off on buying. you really need aerospice that badly? you're jonesing for aerospace? united tengz. honeywell delivered one more fine quarter today. dave cody my next-door neighbor. that guy has money. anyway, wild one ahead from after the close. call koom rooney mcfadden, man. this is a company that is uniquely levered and link

, this trade. we're going to bet it's going to do it again. wednesday, we get a major update from boeing. those guys must be just like, wow. i think if it weren't for the dream liner problems, we get have been ahead. i would steer clear particularly because the transportation board said there no easy answers. that plane is not getting off the ground. you need aerospace that bad? go for united technologies. dave cody, my next door neighbor, that guy is money. after the close, qualcomm. qualcomm rooney mcfadden, man. this is a company that is uniquely levered and linked to and what we heard is you could argue that the smartphones from become saturated. now they're trading down, not even buying an expensive smartphone. it has to tell us because it's the semi conductor brain for so many of the next generation of smartphones. this is the most important call of the week. and it might be when you can start buying apple if it hasn't bottomed by then. not that i want you in it, but people do keep asking me. and please understand apple is going from growth stock to value stock and that's often an ugly jo

. >> the lights were on. >> yeah. >> i missed the whole show. >> on ha of the bridge. >> i bet it was beautiful. >>> let's jump to some mass transit conditions right now. so far, so good. no delays on bart. good news there. ace, muni, caltrain, ferries problem-free. so if you doesn't feel like hitting the freeways, you're good to go with mass transit. over to the freeways we go. so far traffic is actually okay right now. if you are working your way along 80 eastshore freeway no delays through there. it's about 19 minutes from the carquinez bridge to the maze. we started off eastbound 80 at ashby with construction but all lanes are open good to go both directions. 880 not bad northbound clear, southbound no delays through hayward. also 880/237 connector in milpitas, looks like traffic looking good westbound 237 between 880 and 101. no delays there. 880 southbound near bascomb and coleman reports of some construction still there so some slight delays approaching the scene. let's get a live look at 580. westbound extra volume but still "friday

that much. boeing, when they reported, i bet you boeing up side, surprise. i found ge was good. i thought schlumberger was great. some companies not so great. it's a mixed picture. >> you mentioned boeing. interesting development in the investigation, the japanese reportedly focusing on the battery itself. and that supplier. u.s. regulators say the fire in boston, the battery didn't exceed its output standards, so maybe it's a wiring issue, maybe it is a circuit board issue. a wrinkle there. >> the investigations in japan and here taking different routes. all of which may add up to the dreamliner not coming back quite as soon as they'd hoped. >> someone screwed up. product liability. it's not so clear that the japanese company -- it's not that big. we look at the size of it. but people have insurance. and i think that boeing could be doing some collecting. >> yeah. finally, on the market, interesting article today in the journal again saying perhaps we're underestimating how much stock is being bought back. yes. that is still an underlying theme as we head further into this year, which is

say a better bet is cvs, which is charlie victor sam, ordered a terrific fek quarter by preannouncing. s that a safer bet. >>> new year, new ideas. what worked last year may not necessarily work this year. washington shennanigans continue. focus on far-oriented stocks. those are the ones that are coming back to life. be right back. >>> >> announcer: coming up, locking in profit? the housing market has been heating up. tonight, he spotted some household brands with takeover potential. find out if it's a housing play worth moving into. and later, mack daddy no more? 2012 was a tough year for ap people. will it turn around to regain its throne as the stoke to own? don't miss cramer's take. plus, win with wireless? there's a spat of new stocks on the street. and many more coming in 2013. from cutting edge next generation wi-fi to cruise lines. has your ship finally come in? or will there be a disconnect? cramer's breaking down what it takes for these stocks to tick up, just ahead. all coming up on "mad money." don't miss a second of "mad money." follow @jim krzcramer on twitter. p send ji

the congress and the president to act together. >> neil: senator, good to see you, thank you. >> you bet. >> neil: drive a lot. they tax a lot. when you thought the tax by the mile thing was in park, a government study proves washington is revving to go. so you say men are superior drivers? yeah. then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >> neil: i think this is what they call a hybrid to hell. yo

capital one. i bet we get one of the best quarters from one of the financials. and i like this stock. then there is intel. what can intel do about the fact that the personal computer sales finished down 6%, a staggering decline? do nothing. new ceo beckons and maybe something missing. i don't think so, though. more to life than a good yielding slow growing company. and i prefer broadcom. and a huge friday. everybody will really tired. not me. i about tired up. i will get up at 2:30, use the cnbc alarm clock. bar set low by management and it aisle ails me last month. i think it's terrific news for shareholders it gives the company a chance to beat. i think ge could be a standout next week. my charitable trust, big position, general electric. johnson controls comes in on friday, and last time this company spoke, they delivered sharply better than expected numbers, you know what? i still think the company should break itself up to bring up immediate value. that stock would go up 10 first if they would announce that on friday. schlumbe,slb for you home gamers. what can i say about slob?

, they plummeted. aubrey bet the company on the idea that natural gas would not only become the natural power generated fuel it is becoming overtaking coal, but it would also become a major surface vehicle fuel, the latter which makes so much sense, simply didn't happen or take off in time to boost chesapeake. aubrey is saying he's retired, but other sources are saying he was forced out. a victim of the ways that have always been his hallmark. but just at the exact moment when he departs, rich kinder, the dean of t complex in the u.s. swoops up the partner in pipelines in order to get more exposure to the transfer of, you guessed it, natural gas and natural gas liquids from the eagleford shale among others, two refineries that can turn fuel into plastic. kinder's saying the revolution that aubrey bet his company on is now upon us. aubrey didn't get there in time. i believe that chesapeake's decision to remove the man who has discovered more nat gas and liquids than anyone else on earth will mark the bottom in pricing for oil natural gas. kinder morgan knows they will need that pipe from the

.m. >> i know, i know. >> will the market react? >> there's a better bet right now on the government working this out and the worst scenario not coming to pass. i will tim you, maria, reading a lot of interesting scenarios given the government cash flow, how you can keep the government oh. i think we don't default because we have the cash flow to pay interest on debt, but you can like close down the department of education and justice and make your social security payment and pay your vet rarngs not the military. >> unreal. >> different ways to work, $270 billion coming in and if you get rid of the deficit spending, we can service the debt and keep parts of the government open. >> right. >> but none of it is going to be pretty. >> if it's so easy to close down agencies, why do they exist? i'll leave you with that. thanks to both of you. placing his bet on a new tablet. fittingly they are doing it in business. the head of hewlett-packard's computer business will be with me from the electronics show and why this will be different than past attempts which did not work out for hewlett-pa

for competitors? i mean, how important is this given the fact that so many technology companies are betting on this enormous population in china and throughout asia? >> it would be a huge loss for apple. i mean, they are already seeing subscriber share for the iphone in china go down to companies like samsung and lenovo so this would be a pretty big loss. they would have to figure something else out in the country. >> yeah. david. can you address the issue of the margins? i mean, that seems to be the single most issue, most important issue affecting the way people feel about this company. margins are compressing. they are not growing nearly what they were before. if apple comes out with an iphone mini, that's only going to hurt margins even more as it tries to establish itself in emerging markets like china. >> well, that's right. i mean, apple had the best of both worlds. they could sell a premium products at ridiculously high margins and grow faster than anyone else. that is clearly being challenged, but as i say, the stock right now after this decline over the last couple of months refle

competition. find out which blue chip stock is the better bet for your portfolio coming up in just a moment here. >> plus, fireworks on capitol hill today. >> what difference at this point does it make? it is our job to figure out what happened and do everything we can to prevent it from ever happening again. >> yeah. hillary clinton slamming her fist on the desk repeatedly. what was that all about? stick around to find out. [ male announcer ] ok, here's the way the system works. let's say you pay your guy around 2% to manage your money. that's not much you think. except it's 2% every year. does that make a difference? search "cost of financial advisors" ouch. over time it really adds up. then go to e-trade and find out how much our advice costs. spoiler alert: it's low. really? yes, really. e-trade offers investment advice and guidance from dedicated, professional financial consultants. it's guidance on your terms, not ours. that's how our system works. e-trade. less for us. more for you. ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. â™

arenas across the middle east. and this yearslong bet by the islamic republic of iran on these groups has paid off, because now their regional allies have become the most influential players in their respective arenas today. the result is that today it is the islamic republic of iran and its ideas of participatory islamist governance and an independent foreign policy that has real influence, real power in countries across the middle east from egypt to baa rape that were -- bahrain that were once clearly in america's camp. in strategic terms, the islamic republic of iran has been and is using through its narrative not its drones, not its tanks, through its narrative they are using the political awakening of middle eastern publics to alter the very nature of power politics in the middle east. as we describe in our book "downing to tehran," this has been an effective foreign policy and national security strategy for the islamic republic of iran, one that is exactly and repeatedly underappreciated in the united states. and at this point i'm going to hand it over to flipt to continue -- flynt

. there goes the sun. i bet you probably 7:14 a.m. it will come right back again. some clouds coming through late tonight. pushing colder air. the high of 66 was the temperature at midnight. below 42 was the afternoon low. we dropped a little more in the upper 30's nil. north and west in washington is where we are finding the colder temperatures. there is a push of colder air moving to the west. cold and and stables -- unstable air. maybe a dusting to have an inch of snow in many areas. look at the current air temperature, dropping quickly. 0 in minneapolis. the cold air is surging. the difference between the cold air a outbreak of last weekend this week, it will get -- left back up into canada. we're warming up rather quickly after we chill down for a couple of days. there are areas of snow showers. it is not a coastal storm. a lot of energy and atmospheric moisture. a light coating possible. flakes may be falling during the rush hour. if there is a chance of a slippery spot, that is something to be concerned with. we will clear up its stake cold in the afternoon with temperatures below fre

hovering in the $40 range. >> it's more a bet on the financial engineering skills of eddie lampert. and what his future plans are, that's up for anybody to decide. but it looks like, with him taking the reigns of the company, it's more going to be a breakup mode right now for sears. >> reporter: hartzell says the likeliest bet is lambert will try and sell-off some of sears' most well-known brands like lands end and kenmore. and he says don't forget the retailer's home appliance repair business, where margins are high. ruben ramirez, "n.b.r.," new york. >> tom: stocks eased lower today for the second session in a row. it wasn't a dramatic move with the s&p 500 trading in a ten- point range with trader focus falling on quarterly earnings and forecasts. the index pared back earlier losses to end lower by just 0.3%. trading volume was 691 million shares on the big board and 1.75 billion on the nasdaq. the telecommunications sector saw the heaviest selling, falling 2.7%. the industrial sector was down 0.8%. now, it was the big phone stocks weighing on the telecom sector with both a.t.&t

but cars for me. so, you'll help me with the project? you bet i will. (making engine noises) okay, here's my idea. i call it the "crossvette." i gave it a pointy shape because i thought that would make it go faster. oh, and it also has velvet massaging seats, a sunroof and eight vanilla latte cup-holders. not bad at all. but maybe we should get some more ideas in the hopper before we settle on a design. these, my dear, are some of the finest cars ever made. this is 1949 royceley mark vi. and this one is the '61 exton benton. talk about style. wow... but i think this might be the perfect car for you. the '73 muscle car. powerful, confident-- it's got "derby winner" written all over it. well, if you think it'll win... okay! i like it. but it might be hard to draw. could you help me? with pleasure. let's see, we'll need some graph paper technical pens a ruler, a compass, a protractor, t-squares set-squares... i knew buster would come up with something crazy. ooh, i like it. but can you actually build that? we have to build these? aw! let's see yours, muffy. whoa! cool! it's cal

of one venture capital firm made early and now profitable bets on those companies. we'll find out what he's looking at next. but first -- >> coming up, take a look at this. those dolphins know what's happening next. and they're rushing to make sure they don't miss it. six stocks in 60 seconds when "squawk on the street" returns. ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where, if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. and if you get into an accident and use one of our certified repair shops, your repairs are guaranteed for life. call... to switch, and

to create a good structured portfolio, then you can make your bets. but this is a whole conversation on how to invest. >> here's a question just about bets. you know, you're making the argument, and explaining the need to have a diversified portfolio. but most people have diversified portfolio follow the market. meaning, whatever the s&p 500 is ultimately you're going to be up or down, somewhere around there. you, and some of your peers consistently outperform the market. and you do that, i assume, by making bets. >> we break it into two parts. we have two basic portfolios. there is the strategic asset allocation mix. which we call all weather and that just hassing to to do with bets. it has to do with how to make all the assets the same risk parity. call risk parity. the problem is, when people try to diversify, and they own equities and equities has a volatility. >> right. >> that's large. or they own assets that do well when the economy does well and doly when the economy does badly they have a concentration of their risk in some assets. >> right. >> they need to have. they need to chang

tien men square. taiwanees independence. >> stephen: sure. tie bet existing. that's a sore subject. you have crushed britannica. you destroyed it. they no longer print. >> all right. >> stephen: how am i supposed to press my floarl rarngments. do you know how hard it is to dry a calla lily between two ipads? what is the next thing? what is the future of wikipedia? >> well, one of the things we're focused on is growth in the developing world. the other thing is we have a travel site that is opening up soon. we'll see how it goes. >> stephen: wikitravel? >> it's not wikitravel it's wikivoyager. >> stephen: you travel some place and said i love the atmosphere, try the win. >> exactly. [ laughter ] >> stephen: i'd good to that. [ laughter ] will you have a business model for that? >> no. >> stephen: why won't you take advertising? it's so easy. product placement. under marie antoine net's let them eat kate entry have an ad. think about it. >> i'll think about it. >> stephen: thank you so much, jimmy. f(@úcÑ>l@) " ii%)

in this season. brett bet is here to report on her response. >> a man this was a tough week for stars. i wasn't going to get a death star and ann romney is not going to be on "dancing with the stars." come on, ann. yes you can man. although ann romney does watch the show. she was spotted at a tapping she respectfully disclined to participate. making her sensible, the word is sensible, and with

will ask if the united states of america is in fact a safe bet. the full faith and credit of the united states of america is not a bargaining chip. martha: a lot of talk about the president's demeanor at that news conference yesterday. we'll get into that a little bit more coming up but for now does this really come down to an issue of raising the spending limit or defaulting on our credibility as the president has talked about. let's bring in stuart varney, host of "varney & company" on fox business network. so, stuart, you feel the way he is framing this is incorrect? >> yes. we're not going to default, period. we are not going to default. the default means that you do not service your debt. you don't pay the interest on your debt. well we have 2 1/2 trillion dollars coming into the treasury every year in tax revenue. we can use that tax revenue to pay the interest on our debt. therefore, we will not default. all this talk about being a deadbeat nation, that belies the fact that we have never, and will never default on our obligations. the obligation being to pay the interest on the d

of investigations which reportedly accounts for billions in illegal betting. >>> just ahead, robert redford's unchanged, and a big payday. plus back to the future now. check out this retro hovercraft. you're watching "early today." >> welcome back. good friday morning to you and what a nice weekend forecast we have for almost everyone. dry weather will prevail. spend a lot of time outdoors this weekend with these warm temperatures from southern california up into central california. not bad around portland either. very cold morning today and that will continue the trend. each morning i think we're getting warmer through the weekend. still dealing with freezing fog in the northwest. that's before 9:00 a.m. after that the sun should slowly break out. we're talking temperatures that are similar each and every day. what you have today you'll likely deal with all weekend long. that's usually good. >>> well, arnold said he would be back. "the last stand" marks arnold schwarzenegger's first leading role since 2003. that may not be enough for the box office win with jessica chastain's new horror fi

pushed to take big bets. that's later. but first, the shocking truth over the web of lies about flame retardents. why it's more toxic than you think. bill moller joins us next, after this "in the know" message. last spring the chicago tribune broke an explosive story about toxic flame retards used in furniture & the deceptive campaign to create demand for these chemicals. the reporting brought on all kinds of federal and state scrutiny. now the industry has come forward with a scientific report which has already been cited in congressional hearings. in a follow-up investigation, the tribune has found this study too is highly flawed. reporter sam roe wrote the story for the paper. first sam, in a nutshell, what did the paper find as to these flame retardants? > > the flame retardants don't work as advertised. they're in furniture throughout america and virtually every home, which would be great if they slowed fires, but what we found is that the data doesn't support that. they are not really effective, yet they pose health risks: they get out, they migrate, they get into us, they get i

francisco that's japanese. >> i bet she speaks japanese better than i do. my kids might not me. >> when i had the gun i knew there was a [inaudible] and i started writing down things and i thought in my mind's eye, i think it looks like this. and it would be like that i had a small village in mind. there was a part in time i thought, i could go back to japan and go there and see how it looked. i had in the book and in my heart what i thought it was, i almost knew that if i had gone back it wouldn't be the same. so i made the conscious choice of not going. now that you tell me this i'm thankful i didn't i think it would have destroyed what i created in my head. i thought places are best when they are imagined. i hesitated naming it after a place where my mom said what did exist. i'm glad i didn't go back. making that conscious choice would have changed had i gone back would have changed the direction of the book a lot. >> when i saw it it was so different than how an imagined from reading your books. >> does that teach you never to look up things. always listen to the writer? [laughter].

is little changed against other major currencies with investors refraining from aggressive betting. the against the yen is changing at 89.74 to 75. meanwhile euro against the yen is at 119.38 to 42. mark players say all eyes are on what kind of bold measures the central bank can come up with if it's two achieve the 2% inflation market. investors expect trading to be volatile following the government and boj announcement. south korea's kospi flat pretty much. 19 1,9 1,986. we'll see where trading takes us. global unemployments on the rise. the international labor organization says the number of jobless people increased for the first time in three years as european credit woes continue to weigh on the global economy. officials announce on tuesday that nearly 200 million people worldwide were jobless in 2012. that's an increase of more than 4 million from the previous year. officials say unemployment grew not only in western countries but also in east asia and the middle east. nay say european debt problems affected emerging economies by hurting trade. youth unemployment is also on th

to do while you are out, pal? >> i always wanted to finish high school. >> jon: how much you want to bet the blinker was on the whole time they were driving? please we will -- welcome back to the show christopher walken. [cheers and applause] [cheers and applause] how are you? >> good. >> jon: just that one scene, the simplest of scenes, the simplest of the tasks, driving in a car down a street, you, pacino, do you have any idea how many people want to be in that car? >> it's true. [ laughter ] you know, these scenes take a long time and we were in -- when you are doing a shot in a car, you are on a flatbed and you are going and you spend a lot of time just sitting in the truck. that was really the best part. >> jon: getting to hang out with those guys. who is the chattiest amongst you? would you it be arki in the chattiest? >> arkin is chatty. you might not suspect that al was chatty but he is. >> jon: i with not suspect that. >> yes. and i'm pretty chatty so -- >> jon: you could see that. i could see that. [ laughter ] would it make a difference when you were sitting in different posit

on that is 45. just for a halfway retracement from 2007 highs to these recent lows. > > we'll get a bet on that one, too. > round three: wing ding: chicken wing prices will be the highest ever for the superbowl this year as corn feed costs soar. what's ahead for grain futures in 2013? > > i am the chicken expert here. it takes 2 lbs. of grain to make 1 lb. of chicken, so that is the reason you have got these prices up 30% from last year. so it will be interesting to see what the weather brings us for next year. that is the one thing that you can't predict and you don't know what is going to happen. > > weather will be important, but you also look at u.s. farmers. they are going to plant 99 million acres of corn. that will be the highest level since the 1930's. there is going to be way too much supply on corn. i think the ags are going lower. > > rain makes grain. without moisture we get no grain. and right now we have no snow cover on the ground here in chicago. 55 degrees in- > > i want to do one more trade: i want to short chicken wings and buy chicken ribs. > i love it. let's take a

ending. anyone want to bet? >> not if you live in syria, mali, algeria, afghanistan, and a lot of other places. he said america will no longer be as involved, but the question is what will we do? the threat has not disappeared. al qaeda central has been dealt a serious blow. they are now active in north africa. the french are in the lead. how much will we help them? >> the french are in the lead in mali, not in nigeria. this is a french-speaking country. they are concerned, about francophone countries. it is because of economic interests they have in this francophone countries. the idea that france is stepping into a vacuum, they are not doing that. >> since when is the french all for altruism? i do not give a damn what they are there. they are stopping the rebels in mali and no one else is. >> president obama chooses a former prosecutor> she brought down john gotti, the head of the gambino crime syndicate and brought to justice the terrorists responsible for bombing the world trade center and embassies in africa. i would say that is a pretty good run. you do not want to mess with mary

. >> i mean, they think so. they seem to be hedging their bets and saying it's not just about one smartphone, it's about a mobile computing system. take that for what it's worth. but, you know, they think that they have something viable and powerful. they're confident. everything they've said over the last few months and employees that i've talked to are confident that this is something new and that the market will respond. >> will, good to see you. thanks for joining us. all will be revealed later. will connors, reporter at the "wall street journal." i'm talking about in terms of the phone. >> 10:00 a.m. eastern, correct? five hours to go. countdown. >>> boeing's ongoing dreamliner woes threaten to overshadow its report later today for fourth quarter earnings. can it keep flying high? >>> welcome to "worldwide exchange." if you're just tuning in, i'm kelly evans. >> i'm ross westgate. here are your headlines. >> spain sees a bigger than expected drop in fourth quarter gdp as one of its most indebted regions asked for nine billion euros. >>> trades low after posting full-year earn

bet. >> shannon: a strange disappearance a world away. a new york woman is missing, she disappeared while traveling alobe in turkey. her passport and medical cards left in her hotel room. >> reporter: hey there. the fbi and the local turkish police have joined the search for the 33-year-old wife and mother of two. she was last seen leaving her hostel for dinner on monday night and seems to have vanished with very few clues, regarding her whereabouts, leaving behind her passport, clothing and phone chargers. she is a photographer and left her staten island home to take pictures in istanbul on january 7. she checked in frequently, texting family members and skyping with her two children, daily. her sister received a text message from her monday morning, but no one has heard from her since. she was planning to return tuesday, january 25, but missed home and decided to move her flight up to the 22nd. when her husband went to pick her up from the airport, she never showed. >> you know, have you so many thoughts going through your mind. you don't know what to think. you dont know what to

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: you bet. tell us what it's been like for veterans coming home, to the not be able to find jobs as fast as non-veterans. >> the our counterparts over the last two years have been two to three points below that, it's been a distressing thing to come home to. we'll have veterans ready to enter the workforce. i had been in journalism for four years and i ran base newspapers. when i went out to get a job all i could find is a job hanging posters for a college university. we need to see the civilian employers recognizing the skill sets of our veterans. >> jennifer: in addition to what happened with walmart, do you think the administration's response to veteran veterans and their need to be employed has been effective. >> it's not just on the executive branch, we need congress to act and we need the civilian employers to have the buy-in. walmart is leading the way with the 100,000 job initiative and they're not just entry level but entry and management positions our veterans are truly capable and walmart will find out this is going to be an investment. >> jennifer: well, according to a workfo

bills as the president said, we're not a dead-bet country. i'm glad they finally saw the light. we need to pay our bills and move forward. there is a stronghold of 75 republican tea party members who quite frankly do listen to the tea party in many ways, and hopefully this is a signal that they too need to understand that this should not be an issue. it should not be held honestly. hostage. we should raise the debt ceiling. that's an automatic. we should move forward and talk about how we create jobs. by creating jobs we reduce the deficit. >> jennifer: i'm take taking it as an encouraging sign that the tea party can be moved by public voices. if they can be moved on the debt ceiling of all things, maybe they could be moved on guns. you wrote in the "huffington post," advocating reducing defense spending so you can spend more money and invest in the united states. the question is in the negotiations in congress over the spending do you see that happening? >> we've got to make it happen. again, it's got to be the voice of the american people that will make it happen. people don't realize

been introduced. >> and obviously, apple's betting on those. steve jobs died in october of 2011. now, if, and this is a big if, because betting against apple never paid off for anybody, but this apple does have some issues now. turned out to be longer term. are they tim cook's fault or steve jobs? he's rolling out his products, keeping his view. everything. >> well, to a certain extent, but tim cook isn't steve jobs. the job that -- steve jobs' job, there you go, was a very difficult act to follow and he had an advantage and that was in each case, he was pioneering a new product category from nothing. where as tim cook is in mature markets and he's having to carry those products further, deeper in. where steve would say, oh, to heck with that, let's just start something new and he'd start a new wave over and over and over again. the problem here is the warren buffett problem. apple is having trouble finding markets big enough to enter. >> still to come, the pentagon plans to open new doors to women in the military. meaning women actually fighting on the front line. and manti te'o adm

war room." >> thank you. >> thanks, governor. >> jennifer: you bet. in the 41 days since the tragedy at newtown, 41 days now, at least 1121 americans have died due to gun violence. of course, those who die are just a fraction of the victims of gun violence. 13-year-old gabriel clark of massachusetts is still recovering after being shot last friday. it's tragic that something so horrific could happen to someone so young but the circumstances are even worse. gabriel was walking to his church to attend choir practice when a car drove past him. someone from the car shot him in the stomach. the pastor said that gabriel told him even through the pain that god had saved his life. >> okay, so there's wiggle-room in the ten commandments is what you're telling me. >> she's joy behar. >> and current will let me say anything. >> only on current tv. >> jennifer: you know that every two minutes someone in the united states is sexual assaulted? the great majority of those attacks are on women. women like debra parker, who spoke before a group of congressional leaders about violence against women ac

safer bet. and for a lot of people with poor credit and financial issues, i suggest going to the pawn shop because in the end, it's a lot safer bet. >> jamie: people might not realize that they can get a loan and pay their property baccalaureate. but they can sell it outright and not have to worry about a credit agency or anyone coming after you. but how do you know? we saw a clip where the gentleman thought he had something, he was willing to take their 300. you told him it's worth $2500 and you settled at $1750. i forget what the number was. how do we know what our stuff's worth in. >> like when you sell your house, or trade your car in, really do your due diligence. you upon, there is the information box at home, the internet. just do a lot of research. don't take your first offer. go from store to store and check them out. if you walk into a store and you don't feel comfortable, walk out. it's just that simple. it's just like, you know, due diligence. >> jamie: people don't realize, i think, how highly regulated the pawn business is. you have to keep detailed informs and receipts.

bandwagon hats back on for another right. on february 21st, 2011. on cnn gts offered a bet that the reigning regime will not be there in a year's time, close quote. two days later and foreign policy, hillary and i took stairstep a nice feature. i recognize the notion that two former u.s. government officials turn university professors betting george soros and anything made an absurd, but that's what we did. we given that not only with the islamic republic still beat the rams government and a year's time, but the balance of influence and power in the middle east to be tilted even further in the favor. almost two years since iris made his feature as they were eager to collect on it. later in 2011, the back-and-forth between ayatollah khomeini, the islamic republic later and president ahmadinejad over the resignation reinstatement of the intelligence minister and other issues. the same cast of iran expert on mainstream media gave developments overblown, even hysterical treatment portraying them as unprecedented signs of an insecure regime. such analyses revealed the very least lamentable ignora

'll get it. marcus, i know you want to be great right away but it doesn't work that way. i bet you were great right away. (laughing) what? come on, i think you know...the story. yeah, i don't want to tell that story, okay? come on! just tell the story, please. okay...yeah! that story. ♪ ♪ i was nine years old and i thought i was great ♪ ♪ i had just gotten the power ♪ ♪ but he couldn't get it straight ♪ ♪ he threw his wordball up and didn't know where it landed ♪ ♪ so i tried to play it cool i said, i threw it left-handed ♪ ♪ so he kept showing off he even started to strut ♪ ♪ and no one ever told me i had a wordball on my... ♪ ♪ what? ♪ ♪ you know what! his what? ♪ ♪ his you know what! his you know what! ♪ ♪ that's right he had a wordball on his... ♪ ♪ wordball on his... ♪ ♪ but i didn't know and it was there all day ♪ ♪ people started pointing when i would come their way ♪ ♪ so i found myself a mirror and i felt like a nut! ♪ ♪ 'cause finally he saw it the wordball on his... ♪ ♪ what? ♪ ♪ you kno

viewer, right? >> it's a little more complicated, but so much money has been lost betting interest rates, traditional methods of shorting bond futures, shorting rates, that it makes sense to look at small strategy ta gives you a lot of staying power. >> wa about converts or junk? >> yeah, high yield. >> interesting with interest rates going up, doesn't necessarily mean junk yields would go up. you would think if interest rates are going up, ultimately, it's been corroborate with a strong economy which tends to be a good environment for higher yield debt as the stronger economy would still translate to lower defaults and better credit in general. so i wouldn't say that betting on higher corporate yields, particularly higher junk or high yield rates is the best way to bet on interest rates. >> what could we look for for a total return for the next couple of years if we did everything right? >> on the upon side? >> yeah. >> you're still probably looking for total returns in the mid single digits, which would include a coupon that you're getting. >> you think equities could be okay, though?

's -- call it $59,$59, 52-wee high maybe this is a bet on the consumer. >> interesting chart of lower highs and lower lows. >>> the president and ceo of bank of america, brian moynihan joins us live after his company's stock saw a 60% gain in 2012. we are back in a couple of minutes. [ male announcer ] when it comes to the financial obstacles military families face, we understand. our financial advice is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] [ male announcer ] life brings obstacles. usaa brings retirement advice. call or visit us online. we're ready to help. learn more with our free usaa retirement guide. call 877-242-usaa. [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the all-new cadillac ats -- 2013 north american car of the year. ♪ for a limited time, take advantage of this exceptional offer on the all-new cadillac ats. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the

to increase his bet on the company. >> carl, do you want to bid for the company? go ahead and bid for the company. >> hey, you don't have to tell me what i'm free to do. >> all right. >> they just don't make moments like that on tv very often. a lot got said on friday and over the weekend about what an amazing moment that was. >> that's all people were talking about. tom and jerry's bar. who won? the game's not until this weekend. i said, no, not the game -- >> what did you tell them? >> i felt on the merits ackman won. but the real winner was wapner, because wapner kept his poise and kept it going, and kept trying to bring it back to what i want to know, which is carl's position in herbalife. and it's not clear. >> although he was able to very succinctly in this case outline the short squeeze rationale. and an argument we have discussed, out there in the herbalife camp is ackman being as responsible as a fiduciary here. taking such a large position when you've got the questions about a borrow and ability to sustain that, at what cost. and liquidity questions in terms of any redem

the pacific. we'll tell you how sin city is betting the bank on macau next on "cbs this morning." we'll be right back. next on "cbs this morning." we'll be right back. >> announcer: this portion of "cbs this morning" sponsored by capella university. ersity understands er wait times are longer than ever. nurses are dealing with a wider range of issues. and there are ever-changing regulations. when you see these challenges, do you want to back away or take charge? with a degree in the field of healthcare or nursing from capella university you'll have the knowledge to advance your career while making a difference in the lives of patients. let's get started at capella.edu. [ female announcer ] mcdonald's dollar menu at breakfast. home of the irresistible sausage burrito. and freshly brewed premium roast coffee you love. plus other amazing tastes for just a dollar each. every day. ♪ ♪ [ female announcer ] dove invited women to test their body washes with paper that reacts like skin. if others can strip this paper imagine how harsh they can be to your skin. oh my gosh.

" continues. host: by next guest work -- wrote this book, "bet the farm." let me start by using your subtitle. how did food stop being food? guest: so much of the focus an emphasis on the food problem and the hundred problem has been on the industrialization of the food system. what we have seen again and again is the fact that large businesses are taking over the food stream. this was the first wave food stopped being food. food became part of their spread sheet. became part of their profit and loss statement. i started thinking, how else has to stop being food? is stopping food and became a legal construct in terms of genetic modification. it stopped being food and became a marketing tool in terms of sustainability. it stopped being food and became a political tool that the united nations. and finally and most dangerously, who has become one of the most -- i should say, newest financial derivatives. wall street has started to use food as a financial plaything. this has been a dire circumstance for food, the ultimate way to have stopped being food. host: to take a quote from your book, you s

the technology area right now. last year, i bet on the cues. the year before i bet on the qs. i hear the case about slowing earnings, but the stocks have already slowed down. apple is 200 points below its high. if you start to look at them statistically, the price earnings ratios on big cap stocks are less than the s&p 500. the future, the future growth, secular growth of the industry has got to be twice that of the s&p, yet it's got a p/e ratio that's 3 percentage points less. 3 multiple points. the other factor i like about it is, this is the reason employment growth hasn't been strong. substitution of labor for capital, clearly we've seen productivity rise because of what's going on in technology. the world still has to be wired without any question whatsoever. and i get back to this valuation issue again, if you look at free cash flow, enterprise value versus free cash flow, the top five stocks in the big tech index are selling at half of the multiple that they were five and ten years ago. my god, this is an industry that's gone bananas on one side of the earnings and yet the price earnin

% cheap to the u.s. i think not only is china a great place, probably a safer bet than being in parts of the u.s. market and parts of europe. >> although i think it's a trade rather than an investment. >> i would hold the water on that. >> i think that we learned last week the dangers of being out of the u.s. market to some degree. we're with you. we're overweight emerging markets in here. and we see it. but i don't think we should underestimate the opportunities in the u.s. market at least by year end. >> maybe. but when you look at what's going on in washington, i mean, sure. you can call the back and forth nonsense and i agree with you. but the fact is something gets cut. so money stops going into certain areas. we are going to see only cuts as sort of an agreement around this debt ceiling. so does that impact certain sectors and earnings? >> maybe. but we're a wash in liquidity again. we're in that type of market. >> yes. >> i think the economy is going to end up being far stronger than people realize. that will take over and overtake the fiscal austerity. however we get there, i

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